Investment Partners Asset Management Inc. Has $605,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Investment Partners Asset Management Inc. raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 12.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,978 shares of the company’s stock after acquiring an additional 431 shares during the period. Investment Partners Asset Management Inc.’s holdings in PepsiCo were worth $605,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PEP. AMF Tjanstepension AB boosted its position in shares of PepsiCo by 15.8% during the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after acquiring an additional 40,031 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at $44,000. Swedbank AB increased its stake in shares of PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock valued at $398,847,000 after purchasing an additional 1,592,343 shares during the last quarter. Foster Victor Wealth Advisors LLC raised its holdings in shares of PepsiCo by 3.7% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 63,223 shares of the company’s stock worth $10,909,000 after buying an additional 2,266 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC lifted its position in shares of PepsiCo by 3.5% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 5,017 shares of the company’s stock worth $853,000 after buying an additional 168 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. UBS Group lowered their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. BNP Paribas lowered their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Piper Sandler began coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. Royal Bank of Canada began coverage on shares of PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Trading Down 1.1 %

NASDAQ:PEP opened at $143.99 on Thursday. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82. The firm’s fifty day moving average is $150.41 and its 200-day moving average is $163.54. The firm has a market cap of $197.48 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. Equities analysts expect that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.76%. PepsiCo’s payout ratio is currently 77.99%.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.